While this is true Inflation appears to be declining Since peaking in June, few things are looking forward to continuing higher prices this year. To get started, it helps to know what they actually mean when experts say “Inflation is falling.” the 6.5% inflation figure You see it in the headlines is an average The price of goods and services used to measure the cost of living for most people. This means that some products will go up over a period Others are actually expected to decline in 2023.
Here are some of the things experts predict will go up in price this year — and some of the things experts are already predicting.
According to the US Postal Service, the Postal Service’s notice to increase rates to keep pace with inflation is pending approval by the Postal Regulatory Commission before it goes into effect on January 22, 2023. If so, expect this Higher prices than the USPS; If you run out of stamps, you should buy some soon.
food and eating out
All food prices are projected by the US Department of Agriculture for high Between 3.5% and 4.5%, with food prices expected to rise at home between 3% to 4%, and dining out expected to increase by 4% to 5%. One of the reasons food prices are so high, aside from just inflation making things more expensive for the food industry, is Fertilizer price hike all over the world because of the Russian invasion of Ukraine, According to the ZME Science article. They even claim “the end of cheap food” as we know it.
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One particular set of food items that are already showing big spikes in prices are proteins, especially eggs, which have been was severely affected by an outbreak of avian influenzaAccording to Fortune.
Another place you might feel a sting from the food department in 2023 is Costco. Chief Financial Officer announced An inevitable increase in the cost of their membership this yearAccording to Yahoo. The cost of membership hasn’t increased since the last bump in 2017.
Disney World has already bumped up its prices for 2023And including single-day tickets, multi-day tickets, and yearly-Pass renewals. the prices Tickets vary according to demand and the position you are visiting. But CNN says Three out of four theme parks are already more expensive to visit, with “Magic Kingdom and Disney’s Hollywood Studios seeing increases of over 12%.”
But park tickets Not the only items Vision to rise in 2023: food, housing and parking, And other things are also increasing. For more An in-depth breakdown of what to expect in 2023 from Disney WorldAnd Check out this post from Disney Food Blog.
HBO Max is merging with Discovery+ this spring, and prices are expected to go up along with the partnership.
By 2023, HBO Max will not have raised prices since its launch. Therefore, it will have been three years since the prices were changed. said JB Perrett, President and CEO, Global Streaming and Games at TechCrunch+ article.
HBO Max has been $14.99 per month since its launch in 2020, but that may end sooner rather than later.
Car insurance increased by 9% in 2022, and is expected to rise by another 7% In 2023, according to report finsurance romVirtual insurance agent. According to the report, by the end of 2023, we are expected to see a 16% increase in car insurance. That’s about $1,900 USD on average in 2023. According to the company, the price hike is due to more people driving on the road, an increase in severe accidents, natural disasters such as wildfires and hurricanes, and the impact of inflation on vehicle repair and medical costs.
health iInsurance premiums
Health insurance premiums are set to increase in 36 statesAccording to data from Value Penguin, a personal finance research and analysis site. This is specifically for the special plans under Healthcare marketFederal health insurance exchange for the Affordable Care Act. According to the report, the five most expensive states to purchase health insurance in 2023 will be Wyoming, West Virginia, Alaska, South Dakota, and New York, in that order.